Big spinoffs by Cisco, Ericsson and Nokia redraw the media tech sector | Fierce Video
A trio of the world’s biggest networking companies are stepping back from media tech.
Spinoffs coming at roughly the same time by Cisco, Ericsson and Nokia will create standalone companies eager to boost profits, streamline their business, clarify their mission and move more nimbly in a shifting media landscape. It’s indicative of transitional moment in a competitive, confusing sector that provides myriad services to the consumer video market from encryption to caching to streaming to storage.
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